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11 lip 2024 · The UPPER-CASE (capital) letters in box 12 report different things to the IRS. Here's a list of what each one means. Box 12 codes. A: Uncollected social security or RRTA tax on tips reported to your employer; AA: Designated Roth contributions under a section 401(k) plan
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5 cze 2024 · Form W-2 Box 12 codes: instructions. The code and the corresponding amount must go in Box 12. Since there are four parts of Box 12 on Form W-2 (12a, 12b, 12c, and 12d), you can put up to four codes and amounts on the W-2. If you need to report more than four, you will need an additional Form W-2.
19 wrz 2024 · Reporting on the Form W-2. Employers that are subject to this requirement should report the value of the health care coverage in Box 12 of the Form W-2 PDF, with Code DD to identify the amount. There is no reporting on the Form W-3 of the total of these amounts for all the employer’s employees.
Instructions for box 12 on W-2. It’s important to understand the instructions for box 12 on the IRS form W-2 whether you are doing taxes yourself or getting help from a tax pro. The W-2 box 12 codes are: A – Uncollected Social Security tax or Railroad Retirement Tax Act (RRTA) tax on tips.
New box 12, code II, for Medicaid waiver payments excluded from gross income under Notice 2014-7. There is a new code II for box 12 used to report Medicaid waiver payments not included in box 1 of Form W-2. See Medicaid waiver payments for more information. Form and publication changes for 2024.
23 sty 2024 · Wondering what the codes in box 12 of your W-2 mean? TaxAct has a handy table that lists the meaning of all W-2 box 12 letter codes.
Form W-2 Instructions (continued) Form W-2 Reference Guide for Common Box 12 Codes For Boxes 12 and 14, choose the code from the drop-down menu and enter the dollar amount. If there are more than 4 items in Box 12, enter the items that impact the tax return (Code D, E, G, P, Q, T, W, AA, BB, EE).(Code D, E, G, M, N, P, Q, T, W, AA, BB, EE).
